Aavenir Raises $6 Million in Series A  

by Kay Aloha Villamor in March 23rd, 2022

Aavenir, a San Francisco, CA-based leading AI-enabled Source-to-Pay solution provider, announced that it raised $6 million in a Series A funding round led by Accel, with participation from ScOp Ventures.

The company intends to use the funds to expand operations and its business reach.

Company: Aavenir Inc.

Raised: $6.0M

Round: Series A

Funding Month: March 2022

Lead Investors: Accel

Additional Investors: ScOp Ventures

Company Website: https://aavenir.com/

Software Category: AI-enabled Source-to-Pay solution

About the Company: Led by Jesal Mehta, Founder, and CEO, Aavenir’s next-gen Source-to-Pay suite revolutionizes age-old procurement processes by using the latest Machine Learning and Natural Language Processing technologies to reduce cycle time, yet offering insightful best practices suggestions based on historical data. Its AI-enabled Source-to-Pay solution portfolio includes applications for Vendor Onboarding, RFP Management, Contract Lifecycle & Obligation Management, Accounts Payable Automation. Aavenir SaaS-based source-to-pay solutions are powered by the most advanced cloud-based ServiceNow platform that is delivering unified digital workflows to create great experiences.

Source: https://www.finsmes.com/2022/03/aavenir-raises-6m-in-series-a-funding.html



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